DLA Piper has incorporated software-as-a-service solution, LiveDiligence, to conduct due diligence in its renewables transaction advisory services division.

Renewable energy growth ambitions demand the speedy financing and building of projects globally – the due diligence for which often relies on time-intensive and inefficient reporting processes between numerous stakeholders.

“Continuing to improve the transaction experience for our clients and to reduce the lag time between renewable energy project conception, and the deployment of investor and lender capital are firm priorities for the team,” said Natasha Luther-Jones, DLA Piper’s international head of sustainability and ESG and global co-chair energy and natural resources. “As part of this, we continue to evolve our due diligence processes - all while maintaining the quality of service and insights our clients have come to expect. We’ve been working with LiveDiligence to offer an innovative, interactive and more effective client experience, leading the way in legal due diligence digitalisation.”

LiveDiligence has thus far been deployed in over 400 renewables deals. DLA Piper is the first legal advisor to adopt the platform.

Prior to the wider rollout of LiveDiligence, the team at DLA Piper set a benchmark for the market by completing two successful transactions using the platform for German Bank and renewables lender NORD/LB.

Craig Houston, chief product officer, LiveDiligence, added: “DLA Piper has an incredible depth of knowledge and industry experience to offer its clients. Our goal is to help its teams deliver the benefits of this knowledge more efficiently than the competition, and to raise the value of those insights by delivering them using modern tools that help their clients close deals with greater confidence."

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